SpaceX's IPO Success Eclipses Tesla, Fuels Merger Speculation

SpaceX's debut valuation of $2.1 trillion has surpassed Tesla ($1.52 trillion) on its first trading day, securing the sixth-most valuable U.S. company ranking and signaling a major investor shift toward space and advanced transportation innovation. The timing amplifies speculation about a potential merger between the two Musk-led companies, which could fundamentally reshape the entire mobility sector and consolidate Musk's control over future transportation. Meanwhile, the broader EV industry faces intensifying competitive pressures, with major automakers like GM turning to Chinese battery suppliers and startups like Lucid Motors experiencing executive departures, highlighting the turbulence and realignment underway in next-generation transportation.